USDJPY Aug 04 to Aug 08 Outlook

Recap
Ninja cleared Y+1 decisively giving us a run to Y+3 target. Ninja did not stop until Y+4 is tagged. Consolidation above Y+3 failed to hold up. Spike and ledge top was formed and dropped to Y+2. Closed the week above Y+2 and midpoint.

Outlook
Wide range week with weak close near midpoint. Consolidation is expected between Y+1 and Y+3. Spike and ledge target Y+1.